- Joined
- Nov 5, 2011
- Messages
- 8,154
Deleveraging ahead of the reciprocal tarrifs going into effect at midnight. On a global scale. Made worse by the threat of the additional 50% on China.This is interesting to me.
Stocks are down
Bonds are down
Gold is down
Bitcoin is down
Where are the flows coming from and going to? Meaning someone has to buy the dropping stocks and the person selling normally doesn't buy stocks in a dropping market vs buying alternatives or money market.
Raising and holding cash preferred to holding anything with risk. 30yr UST futures were dumped like a penny stock today after a godawful 3yr t-note auction.